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Gold Steady as Stronger Dollar Counters Trade Concerns
Friday, 17 May 2019 18:03 WIB | PRECIOUS METALS |GOLDEMAS

Gold held recent declines as improved U.S. economic data boosted the dollar, leaving bullion little changed for the week despite ongoing trade concerns. Other precious metals extended weekly drops.

After reaching a one-month high on Tuesday, gold has failed to hold those gains as the greenback climbed to the highest in three weeks. In the continuing trade spat, China signaled a lack of interest in resuming talks with the U.S. under the current threat to escalate tariffs, while the government said stimulus will be stepped up to buttress the domestic economy.

Spot gold -0.1% at $1,285.51/oz, after dropping 0.8% Thursday.

Source : Bloomberg

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